The Leadership Skills Of Sam Walton

Topics: Sam Walton, Retailing, Wal-Mart Pages: 2 (693 words) Published: June 12, 2014
Sam Walton was an American businessman best known for founding the retail chain Wal-Mart, which grew to be the world’s largest corporation. Sam Walton was born in Kingfisher Oklahoma in 1918. From his humble beginnings, he rose and founded the largest retail empire in the world. He attended the University of Missouri at Columbia, graduating in 1940 with a bachelor’s degree in economics. He served as a Captain in the Army Intelligence Corps from 1942 to 1945. He married his wife Helen in 1943, and they had four children over their 49 years together. Walton opened the first Wal-Mart in 1962, after years in the retail management business. The discount chain expanded internationally over the next 30 years, growing into the world’s largest company by 2010. Walton stepped down as CEO in 1988, at the age of 70, but remained active in the company until his death in 1992. A pioneering businessman who broke convention and showed that large discount stores could thrive in small, rural areas, Samuel Moore Walton was born March 29, 1918 in Kingfisher, Oklahoma. He was the first son of Thomas Walton, a banker, and his wife, Nancy Lee. Early in his life Walton and his family moved to Missouri, where he was raised. An able student and a good athlete, Walton quarterbacked his high school football team and was an Eagle Scout. Upon his graduation from Hickman High School in Columbia, Missouri, in 1936, his classmates named him "most versatile boy." After high school, Walton stayed close to home and enrolled at the University of Missouri in Columbia, where he graduated with a degree in economics in 1940. Following college, Walton got his first real taste of the retail world when took a job in Des Moines with the J.C. Penney Company, which was still a relatively small retailer. After serving as an Army captain in an intelligence unit during World War II, Walton returned to private life in 1945 and used a $25,000 loan from his father-in-law to acquire his first store, a Ben...
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